Sanctions

Hengli is one of the largest companies in a network of "teapot" refineries in China that purchase sanctioned oil, according to the officials cited by WSJ.

The US, ‌the UN, and the EU have applied sanctions, implemented trade embargoes, and frozen assets for decades over Iran's nuclear program and human rights violations.

The US last imposed major sanctions on Russia in October 2025, when the Treasury Department targeted Russian oil companies Rosneft and Lukoil.

In the agreement, the 60-day period refers to an extendable timeframe within which Iran and the US were expected to reach a final deal limiting Tehran's nuclear program and lifting US sanctions.

Graham, a South Carolina Republican who died last month, was among Kyiv's most outspoken allies in Congress in its four-year-long war with Russia.

A Treasury Department official said that the removal of sanctions was not indicative of a shift in US policy towards Iran or the IRGC, or negotiations to end the conflict in the Middle East.

Ireland’s new government jet was purchased without FalconEye, an Elbit co-developed system that helps aircraft land in fog, despite officials denying any operational limits.

“With its economy in freefall and inflation in the triple digits, the regime is desperate for cash,” said Treasury Secretary Scott Bessent.

Eighty UK MPs and peers urged the new prime minister to impose a full arms embargo, sanction Israel and ban trade linked to Israeli settlements.

The sales generated more than 60% of the oil revenue forecast in Iran's annual budget, Iranian Oil Minister Paknejad said.